Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles

Structuring the right payout back to investors is critically important. Mike describes what waterfall criteria he uses to attract capital. Mike then discusses different exit strategies that many syndication investors can normally expect. It's hard to "keep the band together" for an extended period; so most syndicator's use the 5-7 year sale timeframe.

Having the highest offer price doesn't always get you the deal. The seller needs "execution certainty". Can the BUYER actually close on the proposed sales price? That's the sellers worst fear that a buyer cannot close or will re-trade the original terms of the sale transaction. Yikes!! The seller needs to pick the right buyer and take the RISK OUT. The seller doesn't want to end up with egg on their face by failing to pick the right buyer. But BEFORE a buyer is chosen, the seller needs to analyze and understand the strengths and weakness of every potential buyer. During the 'best and final' the seller will need for you to complete the BUYERS INVESTMENT FORM. This document gives the seller a chance to ask you (the buyer) questions about your underwriting, how are you financing, what capital improvements will you make, have you underwritten to higher property taxes, and is the equity already raised. These are critical questions that the seller needs to know. The seller wants to know that the buyer has done their homework and won't put the deal into the ditch and NOT CLOSE. In the podcast today, we review sellers questions and handle potential answers. To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

Mike breaks down his assessment on comparing rental comps within a submarket. Becoming a student of the different apartment markets in your buying areas will help.

To be competitive in apartment investing you need great information. The top producing agents at ARA- DALLAS have great information on what is happening around the state. They discuss the current state of the apartment market, amenity trends and how to win a deal. Being well prepared in presenting an offer and having your team (Key Principal's, real estate attorney, MF general contractor, lender, etc.) positioned together is critical in winning a deal. It may not always be the highest offer that wins a deal...BUT ALL sellers want to see execution certainty. Having a team formed before you offer… certainly will help your story. The ARA- DALLAS office will close over $1.5 billion in apartment transactions in 2018. They know the market. Jakob Andersen [email protected] Richard Furr [email protected] Bart Wickard [email protected] To receive our FREE 15 page updated WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

Many apartments may have retail or office space included within an apartment structure. A small grocery store, a coffee shop, or a nail salon can be the typical retail store you may find attached to the apartment building. Mike explains what to look for when purchasing a mix-use property.

Bhuvan & Pratima Sharma needed to make a change….a huge change. Unfortunately, a few years ago, most of Bhuvans' & Pratimas' retirement was wiped out when the company that they both worked for… filed for bankruptcy. Yikes!! They had to re-group and figure out what to do next. They concluded that buying a hard asset through real estate investing was the best idea. In less than 5 years and through apartment investing, Bhuvan was able to quit his corporate job and now has his retirement secured. Listen to how Bhuvan and Pratima purchased over 500 units in the last 18 months. Can you do that? Contact info: [email protected] To receive our FREE 15 page updated WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

To promote affordable housing, some older properties may have an income restricted LURA. A LURA is a LAND USE RESTRICTION AGREEMENT. It runs with the deed. This recorded regulatory agreement may restrict the amount of rent you can charge a tenant, based on the tenant's income. If you rehab a property and are expecting to increase rents to justify the cost…a LURA may prevent you from being able to raise rents in the future. Make sure you ask the seller's agent if the property has a LURA.

Friends become partners; finding the right partner is critical to your success when buying apartments. If you have a full time job and life commitments, but still want to own apartments… you may need to find a complementary operating partner. Today we chat with Kristalee Thomas and Larry Troy. Kristalee and Larry are great partners and friends. Kristalee and her husband David have full time jobs and are parents of infant twin boys. As you can imagine, they are very busy. After making several passive investments in other investor's transactions, it was time for Kristalee and David to step up and purchase their own deal. Larry is semi-retired. After 30 years in the communications industry, Larry wanted to pursue real estate investing. He also invested passively in several apartments; and now was ready to lead his own deal. Also, he had the time to be an operating partner. 'Time' was something that Kristalee and David didn't have. These friends teamed-up and purchased a large property together. To contact Larry or Kristalee: [email protected] To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

Michael shares a success story of an investor that sold a NEGATIVE CASH FLOWING four-plex in California and replaced it with a large apartment building in Texas that produces a LARGE CASH FLOW stream. Can you do that?

On your operating statement, utility costs -paid by the landlord- can be a HUGE expense. Utilities can include water, electric, gas, sewer, and garbage. On the podcast today is Katie Anderson with Save Water Co. Katie and her company help to reduce the amount of water that is consumed on the property with low flow toilets, leak detection, aerators, and shower heads. Water is money. The ever increasing cost of water and sewer can be very expensive for a landlord and tenant. Listen to how Katie can have a direct impact on lowering water consumption, which lowers water & sewer expenses and thus increasing NOI and valuation of the property. To find out more information on Save Water Co: [email protected] To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

Michael discusses the mechanics of pushing over a letter of intent to the seller and how to get that offer accepted.

This was the title to the recent Jake & Geno Podcast that featured the "Michael Becker" story. We love that story and wanted to hear it again. Michael went from a lonely, top producing commercial real estate banker to the popular, apartment owner that we all know and love today. After 15 years in banking, Michael went from a "loaner to an owner." Are you an engineer, doctor, or attorney and tired of being a "corporate monkey?" You will be inspired after listening to this podcast. To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

IF you are a passive investor you want to review a realistic PROFORMA before you invest. Michael discusses line items on the operating statement such as rental rate growth, loss to lease, property tax step-up costs, and future labor costs. Are the assumptions from the SPONSOR too aggressive?

The Old Capital Lending team discusses the current apartment lending environment and what you should be aware of when structuring your transaction. James Eng shares his article on "The 7 Things Buyers Need to Do to WIN DEALS." http://www.oldcapitalpodcast.com/blog/ To Contact a Loan Officer at Old Capital: James Eng: [email protected] Richardo Hinojosa: [email protected] Hans Box: [email protected] Jonathan Ferrell: [email protected] Les Meisl: [email protected] Dave Walls: [email protected] John Brickson: [email protected] To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advi

Michael gives specific examples on what to consider when assessing a property that's in a little tougher area of town.

Lane Beene buys value added properties. He seeks distressed apartment assets in nice and mature neighborhoods. Many investors search for these 'holy grail' of opportunities. Many seek, but few find. Recently, Lane purchased three separate apartment buildings that needed repositioning. He shares his story on how he found these apartments and the amount of rehab that was necessary to reward him and his investors. He did such a good job, that the Fort Worth Apartment Association awarded him Apartment Owner of the Year. His smaller property competed against many large 300 unit- Class A- REIT owned properties. Unbelievable!

Michael discusses some basic real estate economics that he is observing in the apartment marketplace.

JC Castillo has been investing in apartments for 12 years. He lives in Northern California and owns and operates properties over 1800 miles away. How can you find, purchase and operate properties from a distance? JC has some inside tips on how to build relationships with listing agents so you get selected in best and final and then have agents bring you the elusive "off market" deal. JC is a relationship buyer of apartments. He sets the expectations up front with the listing agent on closing on time and with as little difficulties for the seller. JC has created the Apartment Investor Network in San Jose, California. This apartment group will bring other apartment owners and investors together on a regular basis to network. The Apartment Investor Network will bring in industry speakers to discuss the latest information on apartments. To RSVP to the MAY 2 event with COSTAR APARTMENT ANALYST DAVID KAHN in San Jose, CA: https://www.multifamgroup.com/events/ To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

Nick Fluellen and Bard Hoover are the top apartment brokers in the Marcus & Millichap office in Dallas. Their team did more transactions in 2017 than any other office in Texas. These top producing apartment brokers discuss the positive 'tea-leaves' that they continue to see in Dallas commercial real estate. Dallas investors continue to enjoy the fundamentals of population growth, rental affordability, and job growth. Also, Nick & Bard discuss some of today's challenges with lower leverage on transactions, contraction in cap rates and higher interest rates. To get more information about Fluellen Hoover Multifamily: https://www.facebook.com/FluellenHooverMultifamily/ To get multifamily opportunities from Fluellen Hoover Multifamily: http://multifamilyadvisors.com/ To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

Today, many apartment sellers are giving apartment buyers two pricing choices. Many sellers have large prepayment penalties on their debt; so they give new buyers two prices. One, if they assume the sellers debt the cost will be lower. Two, if they force the seller to payoff their debt and occur a large prepayment penalty the cost will be significantly higher. Listen to Michael discuss the options.

Bryon Hammer is a contracts attorney. He advises buyers on how to structure real estate purchase sale agreements to buy apartments. Before you sign a sales contract; you will want to visit with an attorney that works with real estate contracts every day to advise you on what language needs to be included. Bryon discusses various topics in the podcast including: title commitment and review, earnest money, due diligence period, reps and warranties and default remedies. To contact Bryon Hammer: [email protected] To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

All investors must ask their DEAL SPONSOR at the beginning - How and when, am I going to get my money back? Michael explains that matching your exit strategy to your debt is very important. Also, you must understand how large prepayment penalties on apartment loans play into your decision to sell.

Cory and Candice Muldrow are unique millennials. They focused on the goal of owning real estate and now are achieving great results. Not all millennials will sacrifice today to have a better life for tomorrow. To contact Cory or Candace: mgroupcapital.com To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

Both Fannie Mae and Freddie Mac need someone or a few folks, within the investment group, to become the fiduciary on behalf of the partnership. They typically want a natural person to sign a "guaranty" between the lender and the partnership for a non-recourse loan. Michael explains some of the benefits and concerns if you sign on behalf of the borrowing partnership.

David Kahn is an economic analyst for CoStar Group. CoStar Group is the leading provider of commercial real estate information, analytics and online marketplaces such as apartments.com & loopnet.com. David discusses national and local economic trends for apartment owners, developers, and passive investors. In this discussion, David focuses on the Dallas-Fort Worth metropolitan area, specifically on apartments. He illustrates current apartment trends based on the continued expansion of jobs in DFW. David also points out the slowdown on the percentage of annual rental growth and the solid occupancy rates throughout the metroplex. To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

Michael and Jonathan Ferrell discuss the economic assumptions that investors must make when purchasing a property.

Robert Helms has a passion for real estate. He is the co-host of the very popular Real Estate Guys podcast and has been educating investors for over twenty years. Investing is a team sport. To get bigger faster, you need to be able to successfully syndicate real estate transactions. Robert shares some his most essential secrets. To train with Robert Helms at the Secrets of Successful Syndication: https://ap216.isrefer.com/go/soss/A0013/ To sail with Robert Helms & Robert Kiyosaki & Michael Becker at the 16th Annual Investor Summit at Sea- 7 days on the ocean with the experts https://ap216.isrefer.com/go/summit/A0013/ To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

Interest rates have been steadily rising over the last 6 months. Michael discusses the impact of what rising interest will have on underwriting apartment transactions.

Rupa Keskar has bought and sold over 1000 apartment units, but she hasn't purchased a property in 18 months. Now, after 100 LOI's, 40 property visits, numerous times at Best & Final… she is finally under contract with another property. Listen to the trials and tribulations of a real apartment investor trying to find the right transaction. Also, Rupa shares some investing lessons that has helped her. To contact Rupa Keskar: prasiti.com To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC

There are many 'hot markets' in various metro areas of the country. Charlotte is comparable to Dallas; Michael chats about similar markets and what he would invest in today.

Not since 1986, have we seen major changes to tax legislation. Mark Patten and Mandy Thiebaud are CPA's with McKinnon Patten in Dallas. They joined us in the podcast to explain what changes you can expect as a real estate investor. Mark expands on SECTION 199A. (QUALIFIED BUSINESS INCOME DEDUCTION) This is the biggest tax break afforded to small business owners in 30 years; it benefits owners/investors of pass-thru entities and needs to be understood when you invest in real estate. Mandy discusses SECTION 179 and COST SEGREGATION and 1031-EXCHANGES and if any changes were made with the new legislation. Please contact your CPA or financial advisor for further clarification on how the new tax reform legislation will impact you. To contact Mandy or Mark: www.mckcpas.com or 214 696 1922 Mandy Thiebaud, CPA [email protected] Mark Patten, CPA [email protected] To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

When you hire a third party management company they perform several functions. 1) Accounting 2) Human Resources (employees work for the management company- not you) 3) Structured onsite and overseeing management. If you don't hire a third party contractor to handle these specific jobs, then you are the management company and have to perform all those functions.

If you want to buy apartments; You will need money- lots of it! Passive equity partners supply most of your equity when you buy an apartment building. Charles LeMaire has invested in over 20 partnerships. He only invests as a limited partner. He brings great insight on how you should treat your limited partners. To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

When you put an initial PROFORMA- you have to make ASSUMPTIONS on the initial market rents and operating expenses. Michael examines how he backs those assumptions up.

Sven & Rebecca Dienst have been looking to fully supplement their current income with investing in apartments. This, husband and wife team, have been self-employed for many years. They were worried that if their business slowed down or one of them became disabled; would they have enough money to live on. They first invested in apartment education and then formed their acquisition team with a mentor, equity investors, real estate attorney, management company, and a apartment lender BEFORE they started to search for apartments. In the last few years, they have purchased a few apartment buildings. For Sven & Rebecca, apartment investing has become a good alternative to supplement their income.

Kim Radaker explains how she purchased THOUSANDS of apartment units in the last few years. Kim is a VALUE ADDED buyer. She puts HUMPTY DUMPTY back together again. She acquires physically distressed or poorly managed apartment properties and cures all the problems. She has done a great job and has rewarded the local apartment community and her investing partners with a much better asset. Listen to how Kim took action and is now "knocking it out of the park." Hey, you can do this, too!

Michael has seen owners fail in executing their apartment ownership strategy. With that information, he discusses some of the common failures that may paralyze you in apartment ownership and how to overcome those obstacles.

Finding the money and finding the deals are the most important concepts for deal sponsors. Michael offers you some critical solutions on how to build your team quickly.

You don't want to miss this presentation. Paul Peebles & Fritz Waldvogel will be in Northern California on January 9th to discuss: "How to you qualify for a FANNIE MAE NON-RECOURSE apartment loan?" Be sure to register at: https://www.meetup.com/Los-Gatos-Real-Estate-Networking-Meetup/ To receive our FREE 15 page WHITE PAPER REPORT on the 2017 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

Michael understands your first transaction is the toughest. Michael owns over 5200 units, but the toughest one was going from ZERO to ONE. Michael gives you the insight on what you should do to get a "win" on the board.

Michael Becker is featured on a recent podcast with Rod Khleif. Michael explains how he sources apartment opportunities and raises capital. Michael discusses how he purchased over 5000 units in less than 4 years with some actionable ideas. To receive our FREE 15 page WHITE PAPER REPORT on the 2017 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

Michael discusses the several ways that owning apartments can help you. Here are some ideas: monthly passive cash flow on a stabilized property, professional 3rd party property management, up to 80% leverage on apartment financing is available, tax advantages with depreciation, you own a hard asset that historically tracks with inflation.

Here is a "real" REAL ESTATE NIGHTMARE SCENARIO. You find the perfect apartment building; and then after negotiating with the seller and the seller's broker…you are awarded the transaction. You put the property under contract and begin your physical due diligence. Everything is thumbs up and now you spend thousands of dollars on the lenders third parties. (appraisal, engineer, Phase 1 reports and legal) The loan is approved and you have raised all the equity from your investors. The loan documents are at the title company waiting for you to sign and close on the transaction. Everything is ready to go…BUT…on the day you are going to sign….you get a panicked call from the title company saying that the seller cannot sell property due to their LOAN LOCK OUT PERIOD. What? What is a loan lock out period and why is that preventing me from buying this property? Why was that not disclosed before you spent thousands in pursuit costs? Yikes!! Dustin Lapacka tells us that story and then reflects on his new apartment purchase in Arizona that did close. Dustin successfully purchased a 70 unit building that was built in 1985. We appreciate Dustin sharing his story, so we can all learn. To contact Dustin Lapacka: [email protected] To contact James Eng: [email protected] To receive our FREE 15 page WHITE PAPER REPORT on the 2017 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

Most investors have stocks, bonds and cash in their retirement portfolio- listen to Michael explain the reasons why you should consider a specific kind of commercial real estate to own- apartments. Michael breakdowns the different types and challenges of commercial real estate; office, retail, industrial & land and explains why apartments are the best property type to own.

Greg Willett is the Chief Economist for Real Page. Real Page is a technology & data analytics company that focuses on multifamily. They provide property management software for over 12,000,000 apartment units in the nation. The data that Real Page collects- assists owners, investors, and lenders to determine apartment trends and movements. Greg is a wealth of information that will help you understand on what is happening in the apartment industry. https://www.realpage.com/mpf-research/ To receive our FREE 15 page WHITE PAPER REPORT on the 2017 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

Mark Allen is with SVN's office in Dallas. He is a licensed apartment Realtor and has a podcast focused to apartment buyers. Mark interviews Michael Becker on the challenges of deal flow.

Listen to what the LOAN DECISION MAKERS are looking for to approve your apartment loan. We had an in depth discussion, in front of over 450 investors at the Old Capital Multifamily Conference, last month in Dallas. You will take away a few nuggets of underwriting information that will help you succeed in financing your apartment transaction. To receive our FREE 15 page WHITE PAPER REPORT on the 2017 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

Obviously a T12 and rent roll will be needed to make a legitimate offer to purchase an apartment property. Also, Michael discusses some of the pitfalls looking for the OFF MARKET deals

We sit down with the loan officers at Old Capital and listen to an update on commercial real estate lending. To contact James Eng: [email protected] To contact Les Meisl: [email protected] To contact Ricardo Hinojosa: [email protected] To contact Dave Walls: [email protected] To contact Jonathan Ferrell [email protected] To receive our FREE 15 page WHITE PAPER REPORT on the 2017 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.